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Most of Japan's debt is held by Japanese citizens, unlike the Europeans. It's the foundation of their retirement and pension programs. Thus, they can delay a lot longer by working later in life, whereas once the writing goes up on the wall that your country may not be able to pay back its debt, nobody is willing to loan you money, thus interest rates go up, thus the ability to repay bondholders goes down and you have a vicious cycle. That's what happened in Greece and is unfolding in Spain, Italy and Portugal today. Since the Japanese are buying their own bonds, they can prop their own system up a lot longer. Will it come apart eventually when folks retire enmasse, you bet, but they have a lot more control over the how and the when than Spain does.

Ireland is perceived as being a culture that is very willing to suffer, thus, they're still seen as a better risk, but no doubt about it, they're in for a lot of suffering and only time will tell if they eventually see the rebellion against austerity that Greece has demonstrated.

Greece's current bailout expires on 28 February 2015. Any new agreement would need to be approved by national governments, so time is running out to reach a compromise. Without a deal Greece is likely to run out of money.http://www.bbc.com/news/business-31485073

There was an initiative by the Greek side half a day ago. And it is reasonable assuming a solution must be found.

problem is that Germany is hard fixed in its position and has the rest of the Europe by the balls.The secret is out, it is using a Mercantilistic economic policy to further its 3rd try their Pan-European Lebensraum. 9that was as a dense statement as it can get)

So we are in an armwresting game with the possibility to turn into a barroom brawl

germany's position is so hard set that either is playing a hard negotiating game or is determined to push things to the end and create te conditions of ousting Greece from the Eurozone.The media are supporting the idea that the EU is now hardened enough to bare the exiting crisis and its effects on the Euro, and not contaging the rest of the problematic economies of portugal, Spain and Italy.Check this: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/02/13/italy-is-europes-ticking-time-bomb/Practically Greece is being used (again) to bully the rest of the European south. the situation is particlularly critical since in Spain, the prime minister is sinking in a muck of scandals and the radical left party (connected to the similar one governign Greece now) is kickin ass and will sweep in September's elections. So time is sparce, everything must happen by summer.

Where this going i can not tell.The fact is that the real battle is between the Germanic recipe of extreme austerity to serve depts versus an expansive economy approach to create profit and surplusses.And the major player in this game is known for making the wrong act when history calls.

Events in Ukraine have shaken those in Europe who once took for granted that the postwar territorial settlement would be respected by all its neighbours. In what promises to be a protracted western confrontation with Russia, the geostrategic assets represented by Greece are irreplaceable.

Yet European leaders persist in discussing Greece’s financial position as if its geopolitical allegiances were immutably settled. Events may yet prove them right. But it is a risky bet. It would be a tragedy if a narrow-minded analysis of the situation led them to place that wager accidentally.

yep! it is a huge battle against the German pushed Mercantilistic austerity. Cos all this dept thing boils down to this.And not for greece only. Unless something changes, Europe will either fall into a recession or break up.Key politicians (i..e Mario Draggi) have started realizing this, but not soon enough for Greece.

- Standard & Poor's downgrades Greece's credit rating 1 notch further into junk territory- Greece considering accepting a bailout extension to March 2016, government source says- Greek PM Tsipras will meet the president of the European Council Donald Tusk at 1:30 pm Brussels time on Wednesday- White House says President Obama and Chancellor Merkel discussed Greece in bilateral meeting, agreed Greece must achieve reforms and return to sustainable long-term growth

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I have to say, the PM of Greece isn't taking any crap from the banks or EU. I'm not saying he's entirely dealing with reality since none of those pensions are going to get paid if the nation gets kicked out of the EU, but the bankers played a dangerous game to get them in this mess in the first place, so I feel none too sorry for them.

I have stoped worrying since some time ago becuase:1. i have already done and prepared what I could with the limited resources i have.2. I need to preserve my sanity first and mostly.

There are Sooo many scenarios, leaked info, directed news and leakages, and so many players playing such dirty games under the table, that to follow and access them all would drive anyone insane.(this is why i refrain from keeping you updated, but if you want a hint the scenario of Greece leaving the Eurozone is played the even days of the month)

But, falsely or not, I am optimistic that above all the perturbations of the poliical lakey's in the EU, lies geostrategics

it is by a man to follow his writings and views. I hope Google translation does a semi-good job for you.

in short.The IMF and the ERu have made unbearable and unrealistic demands. And they have been hardening their position even moreas time passes by.The core of the analysis is that they are not confortable with the idea of a leftist goverment.the initial plan was to drag the ruling party into a center-right position.Now it seems their game is to force Greece to an electiona nd a (possible) change of goverment.

Do yoy know the feeling of the most people that have been really struck by the crisis?"Apothaneto i psihi mou meta ton allofilon"It is what Samson said when he drove down the templehttp://biblehub.com/judges/16-30.htm